Kris Wu spent 13 years in prison, what will his fortune of more than 200 million USD be?
Before being arrested in July 2022, Kris Wu is said to have a fortune of up to $ 206 million. Over the past year, how has this property changed?
Kris Wu’s case is receiving the attention of Chinese and Asian public opinion after the verdict for the actor was announced on November 25. Accordingly, Kris Wu was sentenced to 13 years in prison for rape and gang incest. After serving his prison term, Kris Wu will be deported from China. In addition, he was also fined 600 million yuan ($84 million) by the tax department for tax evasion.
The star born in 1990 debuted in the entertainment industry as a member of EXO in 2012. After parting with the management company in Korea, he returned to China to build a career. Before his demise, he had more than 50 million fans in China.
In the Chinese entertainment world, Kris Wu is considered one of the artists with the highest commercial value and reputation. He is also quite popular outside of the Chinese market. Thanks to his fame, he has become the representative of 40 luxury brands.
For four years in a row, Kris Wu entered the list of China’s top 10 celebrities voted by Forbes magazine. According to 163, male artists earn nearly 20 million USD/year.
On newspaper revealed, the famous star held about 206 million USD from art and business activities before being arrested. However, hot girl Du Meizhu (Kris Wu’s ex-girlfriend) revealed that the male artist has earned more than $ 460 million in 10 years of artistic activities.
Before getting into the legal circle, Kris Wu was running 4 entertainment companies. However, since July 2021, his 3 companies have closed for unknown reasons. According to Sina, out of 19 businesses associated with investment with Kris Wu, only 9 companies are currently in existence.
According to Sohu, after being arrested at the end of July 2021, Kris Wu asked his relatives to protect his fortune of hundreds of millions of dollars by liquidating the company and selling off his home in China. The actor’s entire property is said to have moved back to Canada, where he followed his mother to settle down since his parents divorced.
Recently, Kris Wu did not pay economic losses to partners despite the fact that the company’s assets were sealed and listed as bad debt. According to Sina, the amount of compensation Kris Wu has to pay to brands and film producers is estimated at $77 million.
Since December last year, a Chinese court has announced the application of measures to freeze assets worth 17.75 million yuan of a company in Beijing owned by Kris Wu to avoid the risk of the male singer escaping. property dispersion.
On November 27, some sources posted on Chinese social media that Kris Wu’s mother and cousin were also arrested. However, this information has not been confirmed by the authorities.
Kris Wu’s mother is also an important link in the case involving the male artist. According to Chinese media, Kris Wu was investigated after his mother reported that her son was blackmailed by hot girl Du Meizhu.
The fact that Kris Wu’s mother reported the case made the police start an investigation, discovering many of Kris Wu’s mistakes. The male artist’s mother has regretted and tormented for the past year. She said that it was she who caused her son to go to jail, his reputation and career were ruined.
Last year, after Kris Wu was investigated, the male singer’s company manager had only his biological mother and cousin. It is known that the law offices in China also refused to defend the male artist because of the complicated nature and serious influence on the social morality of the case.
The last image the media got of Kris Wu’s mother was in July 2021 when she appeared tired and miserable in an apartment building. The idol star’s mother is said to be completely devastated, unable to sleep because she is worried about the future of her only son.
Kris Wu’s case also brought his father and mother back in touch after many years of separation. For many years, the identity of Kris Wu’s biological father has been a big mystery to fans. It is reported that the male artist’s father also participated in finding a lawyer to defend his son.